Segment information

6 Months Ended

Jan. 31, 2012

Segment information

14. Segment information:

The Company has three reportable segments: Medical Imaging, Ultrasound, and Security Technology. At the end of fiscal year 2011, the Company combined its OEM Ultrasound transducer business, which has previously been reported in the Medical Imaging segment, with its BK Medical direct Ultrasound systems business in the Ultrasound segment, under one management team. The combined business is now reported as the Ultrasound segment consistent with how the Company’s principal executive officer began monitoring the business in the first quarter of fiscal year 2012. Medical Imaging consists primarily of electronic systems and subsystems for CT and MRI medical imaging equipment and direct conversion digital x-ray detectors for mammography sold primarily through OEM customers. Ultrasound consists of ultrasound systems and transducers for the urology, ultrasound-guided surgery and radiology markets sold primarily through the Company’s direct sales force. Security Technology consists of advanced weapon and threat detection aviation security systems and subsystems sold primarily through OEM customers. The accounting policies of the segments are the same as those described in the summary of Significant Accounting Policies included in Note 1 of the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for fiscal year 2011.

The table below presents information about the Company’s reportable segments. All periods presented have been revised accordingly to reflect the new reporting segments.

	Three Months Ended January 31,						Six Months Ended January 31,
	2012			2011			2012			2011
Net Revenue:
Medical Imaging		$	75,263		$	72,842		$	147,937		$	137,006
Ultrasound			41,078			34,042			75,679			62,393
Security Technology			10,092			10,369			20,674			21,676
Total		$	126,433		$	117,253		$	244,290		$	221,075
Income (loss) from operations
Medical Imaging (A)		$	2,530		$	3,503		$	8,012		$	5,190
Ultrasound (B)			4,704			2,091			4,363			1,485
Security Technology (C)			557			544			1,000			1,661
Total income from operations			7,791			6,138			13,375			8,336
Total other income, net			2,955			88			3,266			30
Income from continuing operations before income taxes		$	10,746		$	6,226		$	16,641		$	8,366

	January 31,         2012		July 31,          2011
Identifiable assets:
Medical Imaging	$	200,027	$	190,530
Ultrasound		127,860		129,497
Security Technology		15,138		23,644
Total reportable segment assets		343,025		343,671
Corporate assets (D)		173,523		177,881
Total assets	$	516,548	$	521,552

(A) Includes $2,198 of contingent consulting fees related to the tax refund and related interest received in the three and six months ended January 31, 2012. Includes a restructuring charge change in estimate of ($85) and $1,452 for the three and six months ended January 31, 2011, respectively.

(B) Includes restructuring charge change in estimate of ($34) and $1,548 for the three and six months ended January 31, 2011, respectively.

(C) Includes $516 of contingent consulting fees related to the tax refund and related interest received in the three and six months ended January 31, 2012. Includes a restructuring charge change in estimate of ($15) and $428 for the three and six months ended January 31, 2011, respectively.

(D) Includes cash and cash equivalents of $136,919 and $135,069 at January 31, 2012 and July 31, 2011, respectively.